Financial News

Financial stocks fell in Thursday afternoon trading with the NYSE Financial Index down 0.8% and the

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Mike Mayo, Wells Fargo, joins 'Closing Bell' to discuss Mayo's thoughts on Citigroup's recent earnings performance, how much credit Jane Fraser receives for the company's transformation and much more.

The Dow Jones Industrial Average was down, while the S&P 500 Index and the Nasdaq Composite were up

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Dory Wiley, Commerce Street Capital CEO, joins 'Power Lunch' to discuss why Wiley's bullish on some of the banks and financials, why Citi looks attractive and much more.

The megabank rolled out higher profitability targets on Thursday at its first investor day in four years. Its board also authorized a multiyear share repurchase program of $30 billion.

Citigroup issued new guidance showing it would take the lender more time to catch up to Wall Street peers than some investors hoped for. Sridhar Natarajan reports on Bloomberg Television.

Wall Street firms post dozens of crypto jobs offering stability as crypto-native employers cut staff during downturn.

Citigroup unveiled modest new targets below those of its Wall Street peers, disappointing investors even as bank executives seek to persuade...

The bank set a return on tangible common equity target of 14% to 15% by 2031, falling short of what analysts had hoped to see

(Updates with Citigroup's response in the sixth paragraph.) JPMorgan Chase (JPM) and Citigroup (C

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Investing.com -- Citigroup shares have dropped 3.1% in premarket trading on Thursday after the bank's investor day presentation revealed its return on tangible common equity targets.

As we await the opening of the US market on Thursday, let's delve into the pre-market session and discover the S&P500 top gainers and losers shaping the early market sentiment.

Citigroup boosted a key profitability target on Thursday, a move that was widely expected as the bank’s investor day event was getting underway at its New York headquarters. Shares were down 3% in premarket trading, however, as investors appeared underwhelmed by the figures. Citi said it would target return on tangible common equity, or RoTCE, between 11% and 13%, excluding the financial impact of its Banamex stake sale, for next year and 2028.

After a massive reorg, a tech revamp and exits from a dozen foreign markets, an updated target for return on tangible common equity may feel “underwhelming.” But Citi may be embracing incremental change.

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